secwatch.observer — SEC 8-K summary
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Issuer:     ALTRIA GROUP, INC. (MO)
CIK:        0000764180
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0000764180-23-000047
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Altria sets 2028 goals for mid-single digit EPS/dividend growth; reaffirms 2023 guidance
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- New 2028 Enterprise Goals: mid-single digits CAGR adjusted diluted EPS growth; progressive dividend policy targeting mid-single digits annual dividend growth.
- Smoke-free targets: at least 35% volume growth from 800M units (2022 base); double net revenues to $5B with $2B from innovative products.
- Maintain U.S. tobacco leadership and total adjusted OCI margin of at least 60% each year through 2028; debt-to-EBITDA ratio target ~2.0x.
- Reaffirmed 2023 full-year adjusted EPS guidance of $4.98-$5.13 (3-6% growth from 2022 base of $4.84).
- Unveiled SWIC heated tobacco capsule and on! PLUS oral pouch; PMTAs not yet filed; progress toward bringing to market upon regulatory authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764180/000076418023000047/0000764180-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764180/000076418023000047/mo-20230322.htm
  HTML page:      https://secwatch.observer/filing/0000764180-23-000047

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